Friday, April 24, 2015

Sellers Were Asking: Price Variances



Last evening I showed 3 homes within a $20k variance in price point, all in the same neighbourhood, all different, two already sold, and one, stretching to compete with neighbours was a far cry from the two sold homes.  There has to be some rhyme or reason to pricing.  To price alongside your neighbour’s home just because he ‘got the money’ is, in my opinion, lazy.  Each home should be priced on its own merit.    Sellers should be aware of the product and how their own home really compares to his neighbour’s.  How many times we have heard the phrase....’my home will sell itself’.  Yeah, ok, all you DIY sellers out there...go visit some professionally renovated homes. If you install hardwood by yourself and the cuts are all wrong, do you honestly think a realtor won’t point it out?  That adds zero value to your ‘completely renovated’ home.  A painted kitchen where we can see the hinges being touted as a ‘newer’ kitchen,  is kind of akin to putting lipstick on a pig.  Sorry, but, let’s call a spade a spade here.  My bone of contention is those who advertise ‘newly installed hardwood’ and then we are walking across laminate flooring.  Really?  While I applaud the ‘FZBO’s’, why is it you can falsely advertise and a professional realtor would be strung up for doing the same? Due to ‘anti-competition’ you now are allowed to advertise on our ‘paid for by realtors’ site, and yet, you can advertise falsehoods? What is the fairness in that?    

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